SAN DIEGO (AP) _ Inseego Corp. (INSG) on Wednesday reported a loss of $7.5 million in its first quarter.
The San Diego-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.
The holding company posted revenue of $48.6 million in the period.
For the current quarter ending in July, Inseego said it expects revenue in the range of $50 million to $56 million.
In the final minutes of trading on Wednesday, the company's shares hit $4.54. A year ago, they were trading at $2.09.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG